Even when we get costs in the 4C they are worthless as the customers can clawback any amount later for breakage and loss. The growth they got this quarter appears to be totally via market cannibalisation which is only going to push up their costs.
YOW can't cut their way to profitability and they don't seem to be able to grow. At least management can keep drawing on their salaries for a few more quarters as the air bleeds slowly out of YOW.
Ann: Fourth Quarter Update, page-14
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